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    Key features

    • To be offered on Tuesday 25 November
    • Freehold four storey mixed-use terraced building
    • Ground floor and basement retail unit let to an independent dog groomer on a tenancy at will
    • HMO fully let to five tenants arranged across first, second and third floors
    • Retail unit newly refurbished in 2024
    • HMO refurbished in 2021, each room has ensuite shower and own door entry phones
    • Total GIA approx. 2,365.9 sq ft (219.8 sq m)
    • Investment let at £44,100 per annum (17.64% GIY on Guide Price)

    Description

    A freehold four storey mixed-use terraced building comprising a ground floor and basement retail unit let to an independent dog groomer.

    The property also comprises a 5 bedroom HMO above with 5 letting rooms each with ensuite shower rooms and own door entry phones.

    The HMO above was refurbished in 2021 including works such as new roof, full re-witing and insulation etc.

    The retail unit was refurbished a year ago and works finished towards the end of 2024.

    Total GIA approx. 2,365.9 sq ft (219.8 sq m).

    Investment let at £44,100 per annum (17.64% GIY on Guide Price).

    Additional information

    Tenure

    Freehold

    Accommodation

    Retail Unit

    Ground Floor and Basement - 848.2 sq ft (78.8 sq m)


    5 Bedroom HMO

    First, Second and Third Floor - 1517.7 sq ft (141 sq m)

    5 Letting Rooms each with Ensuite Shower Rooms, Kitchen, Lounge and Laundry Room

    Tenancy

    Ground floor retail unit let to an independent dog groomer t/a PetFect Grooming on a tenancy at will for £10,000 per annum.

    5 bedroom HMO let to 5 separate tenants on AST's for £34,100 per annum.

    Rent

    £44,100 per annum
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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated on the South side of Cumberland Street, which is accessed from Wall Street and George Street.

      Transport

      Devonport - GWR

      Plymouth - CrossCountry and GWR

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums